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Jan 24, 2013
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all right, taxed to the max. when progolfer phil mickelson complained about being taxed to the max in california, the media went nuts. >>brian: mickelson felt he had to apologize just for speaking his mind. >> you know, i've made some dumb, dummies -- dumb, dumb mistakes. obviously this is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum i have as a professional golfer to try to ignite change over these issues. >>brian: he's not saying he's not going to move. should he really feel bad? after all, california is one of the highest taxed states in the nation, if not the highest. joining us live from miami is grant cardon, mickelson's former neighbor. he left california for florida where there is no individual income tax. are you disappointed that phil even backtracked yesterday? >> absolutely i'm disappointed because i think some of the intolerance for wealthy people standing up and saying i don't want to be taxed anymore is that the wealthy people don't stand up and
all right, taxed to the max. when progolfer phil mickelson complained about being taxed to the max in california, the media went nuts. >>brian: mickelson felt he had to apologize just for speaking his mind. >> you know, i've made some dumb, dummies -- dumb, dumb mistakes. obviously this is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum i have as a professional golfer to try to ignite change over these issues. >>brian: he's not...
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Jan 24, 2013
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ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the drugmakers, huh, nicole? >> it is. look at some names on the move after earnings, latest drugs, clinical trials and mostly good news here, look at bristol-myers up 2 1/2% for bmy. they did beat street expectations. they're posting gains doing very well with that. they settled claims with a interdrug trial subject. they moved along from that. pfizer here at a 52-week high. pfizer shares hitting this multiyear high on the results of several studies. they have done well with treatments for depression, overactive bladder, quitting smoking. biogen i can't leave out doing well. up 1.3% right now. back to you. tracy:
ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the...
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Jan 24, 2013
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and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your price? and then they just volunteer, either conservative or liberal and pay the extra little bit more and they seem happy to do it. we've only-- we're in a pretty conservative town out here in the oil fields and we've only had a few of them in. we collected $3 and we give the money to the heritage foundation and we don't pocket it we have our tips and the money, good conservative cause and it's seems to have worked out pretty good so far. and people-- although people are pretty excited about it on the internet. >> greta: all right
and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your...
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Jan 24, 2013
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. >> he asked lawmakers to avoid a spending spree with the extra tax money approved by voters. katie marzullo is here with more. >> there were strict instructions for the legislature in the speech. the governor said they made a promise to voters to be responsible where their money. that is a promise they are going to keep. republicans are skeptical. >> in the third state of the state address since reclaiming office, governor brown offered words of inspiration. >> this generation has a rendezvous with destiny. we in california have a rendezvous with our own destiny. he praised the legislature cutting billions from the budget while reforming prisons and pensions. he thanks citizens positive embracing the new taxes of proposition 30, money that will not be squandered. >> governing never ends. we have promises to keep. the most important is the one we made to the people if proposition 30 passed we would guard the money jealously temporarily made available. this means living in our means and not spending what we don't have. >> other big topics include progress on the high-speed rail
. >> he asked lawmakers to avoid a spending spree with the extra tax money approved by voters. katie marzullo is here with more. >> there were strict instructions for the legislature in the speech. the governor said they made a promise to voters to be responsible where their money. that is a promise they are going to keep. republicans are skeptical. >> in the third state of the state address since reclaiming office, governor brown offered words of inspiration. >> this...
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Jan 24, 2013
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wants to eliminate the gas tax and replace it with a sales tax increase. generating more than $3 billion. >> the revenues are going to continue to decline. might as well be bold and innovative. replace it so we don't have to come back and talk about raising the gas tax or indexing it. let's replace it with something we know grows. the gas tax does not. >> the governor says the five year proposal would provide additional funding for rail and transportation projects. >> the governor's race is in a debt heat. a survey finds democrat terry and ken neck and neck. 31% to 30. with a third of voters still undecided. >> the state of maryland rested its case against john leopold. tomorrow it will be the defense's turn on the stand today. a man who claims he got paid overtime just to keep an eye on his lover. paul joins us live with the latest. >> reporter: that's right. sergeant timothy told the court today in 2010 he and another officer were ordered to take john leopold to the park. on the orders, they were told to keep his lover on way from him. no contact with th
wants to eliminate the gas tax and replace it with a sales tax increase. generating more than $3 billion. >> the revenues are going to continue to decline. might as well be bold and innovative. replace it so we don't have to come back and talk about raising the gas tax or indexing it. let's replace it with something we know grows. the gas tax does not. >> the governor says the five year proposal would provide additional funding for rail and transportation projects. >> the...
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Jan 24, 2013
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he thanks citizens positive embracing the new taxes of proposition 30, money that will not be squandered. >> governing never ends. we have promises to keep. the most important is the one we made to the people if proposition 30 passed we would guard the money jealously temporarily made available. this means living in our means and not spending what we don't have. >> other big topics include progress on the high-speed rail progress, reducing carbon emissions and the need for higher education to reduce costs. >> tuition increases are not the answer. i will not let the students of california become the default financiers of our colleges and universities. [ applause ] >> republicans say it sounded good, if not familiar. they will believe it when they see it. >> he talk about a rainy day fund and fiscal conservative, fewer bills, smaller government, tuition trees, he talked about reform, all ideas we have put out there. the question is: will the reality of seven years match the rhetoric of today? >> governor brown touched on health care. he called for a special session to address issues that n
he thanks citizens positive embracing the new taxes of proposition 30, money that will not be squandered. >> governing never ends. we have promises to keep. the most important is the one we made to the people if proposition 30 passed we would guard the money jealously temporarily made available. this means living in our means and not spending what we don't have. >> other big topics include progress on the high-speed rail progress, reducing carbon emissions and the need for higher...
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Jan 24, 2013
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taxes came from taxes on fast-food and property taxes. so you ended up taxing the rich more, right? because the bigger your property was, the more you paid. >> a lot of people feel there will be cut backs in other areas to make up for the lack of income. or as michelle talked about, can they make it up in other areas. >> money moves to taxes that get rid of their -- states that get rid of income tax. like $150 billion over the last 15 years, according to "how many walks" moved from states that had income tax to states that didn't. the nine highest taxed states lost a hundred billion of income -- of wealth, rather. it is proven it works. it attracts wealth to your state by getting rid of income tax. >> i couldn't believe this but for the billionaire that has everything. michael dell is on order to buy a boeing 787 dreamliner. i don't know if it is him per se buying it or whether the corporation that behind him that does it. >> this is a mystery p.m. pep familiar with him say it isn't his style to have a big plane like this. it is done through international leasing. it could be that t
taxes came from taxes on fast-food and property taxes. so you ended up taxing the rich more, right? because the bigger your property was, the more you paid. >> a lot of people feel there will be cut backs in other areas to make up for the lack of income. or as michelle talked about, can they make it up in other areas. >> money moves to taxes that get rid of their -- states that get rid of income tax. like $150 billion over the last 15 years, according to "how many walks"...
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Jan 24, 2013
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while he talks fiscal restraint, he talks about the volatility of the budget he just pushed a system of taxs that will make our system this much more volatile. >> the governor pointed out tenuous this balanced budget is. for example decisions by the federal government on healthcare could cost the state of california billions of dollars extra, threatening those surpluses. this evening we will have more on his speech, his plans and reaction. in sacramento, ken pritchett, ktvu channel 2 news. >> the 129th rescue wing is about to embark on a rescue mission. robert joins us with this report. >> reporter: claudine there is expected to be a lot of activity going on here today. most of it centered in this area behind me. the headquarters of the california air national guard 129th rescue wing. what will happen will look somewhat familiar to those who have seen them getting ready for their missions, which usually means going in and rescuing people from dangerous situations. this is the way preparations were qurktd conducted when they went to help on sandy then. although they can't give too many detail
while he talks fiscal restraint, he talks about the volatility of the budget he just pushed a system of taxs that will make our system this much more volatile. >> the governor pointed out tenuous this balanced budget is. for example decisions by the federal government on healthcare could cost the state of california billions of dollars extra, threatening those surpluses. this evening we will have more on his speech, his plans and reaction. in sacramento, ken pritchett, ktvu channel 2...
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Jan 24, 2013
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i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me what i can do to attract you to texas. we have several states with offices set up in california because we're so vulnerable here. hundreds of companies leave every year. you make a good point about phil mickelson has options. so do a lot of companies. they can go elsewhere and do out of california. melissa: is that story about governor perry true? i heard that before. do governors have hair their own cell phone? >> he does. literally gives cell phone, has one number programmed. call me anytime. tell me what i can do. our leaders are not doing that, they're dismissive about companies leaving. they say it is
i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me...
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Jan 24, 2013
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tax. >> we're already paying enough in general for gas as it is. there's got to be a better way to do it. i would be more in favor of paying more for general durable goods that i buy over the counter every day. >> but this man reasons a higher gas tax makes more sense. >> gas taxes are the most direct relationship to who's using the roads, so it seems the fairest thing is to raise the money you need to get taxes. >> reporter: the governor's plan faces the first big text next week when key how and senate committees take their first vote. >>> police now say murdered teenager marcus jones was the victim of gabe violence. the friendly high school sophomore was shot and killed outside a party on saturday night. in the crossfire of a suspected gang rivalry. two other teenagers are under arrest. please are still searching for a third suspect. >>> as we anticipate more snow, some northern virginia residents who didn't see snowplows today may not see them tomorrow either. vdot has a policy to not plow secondary streets unless there's 2 or more inches of sno
tax. >> we're already paying enough in general for gas as it is. there's got to be a better way to do it. i would be more in favor of paying more for general durable goods that i buy over the counter every day. >> but this man reasons a higher gas tax makes more sense. >> gas taxes are the most direct relationship to who's using the roads, so it seems the fairest thing is to raise the money you need to get taxes. >> reporter: the governor's plan faces the first big text...
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Jan 24, 2013
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tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63 cents of their dollar, of every dollar they make and hand it over to the government? bill: state, county, federal. martha: so much discussion about fair share and people, people obviously, some people are outraged. he can afford it. that is not the issue. the issue is, at what point is enough, enough of any single human being's income whether they're successful or not. i mean, --. bill: that guy moved to florida he could save 13% of gross today. there is phil. watch him over the weekend. they have a big tournament out th
tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63...
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Jan 24, 2013
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he certainly has taxed the high income earners again but what about getting the rest of us employed. >> the governor's speech from the chambers is expected to last half an hour. abc7 will carry the governor's state of the state address live from the state capital at 9:00 this morning and it will stream live on abc7news.com. >> later this morning, secretary of defense panetta will formally lit the ban on women serving in combat in the military. some men are concerned about the policy change. >> the u.s. military is about do become fully integrityied. panetta will announce an end to the ban on women serving in combat. >> they have proven time and time again. they will get the recognition that key. >> the move overturns a 1994 rule restricting women from being assigned to the front lines and elite combat divisions. in reality they have exported heavy packs taking on direct combat roles in iraq and afghanistan. helicopter pilot lost both legs in combat and sevens in congress now. >> the reality is the battlefield has changed. everyone is serving in a combat situation. >> retired colonel
he certainly has taxed the high income earners again but what about getting the rest of us employed. >> the governor's speech from the chambers is expected to last half an hour. abc7 will carry the governor's state of the state address live from the state capital at 9:00 this morning and it will stream live on abc7news.com. >> later this morning, secretary of defense panetta will formally lit the ban on women serving in combat in the military. some men are concerned about the policy...
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>> you know, everybody knows that taxes in california are high. but i can tell you, it's a great place to run a business for us. it is the health and wellness mecca of the world. and the clientele, that you can get. and team you can build is fantastic. but i contribute our growth to the fact that we're unique. we're unique in the marketplace because we're the only bar that has we'reo gram zugo, -- zero gram zug
>> you know, everybody knows that taxes in california are high. but i can tell you, it's a great place to run a business for us. it is the health and wellness mecca of the world. and the clientele, that you can get. and team you can build is fantastic. but i contribute our growth to the fact that we're unique. we're unique in the marketplace because we're the only bar that has we'reo gram zugo, -- zero gram zug
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(miller) "evvrrbody would pay a modest gas tax,,a thhee percent sales tax tacked on at would raise $300 millioo hat admits...that alone...wouldd not fully pay for eeer repairs...as weel s mass transit...and future projjctss (rydell) "staae trasportaiton officials have made it cleaa that without a ignificaat increase in fuuding for transportation, the proposedd red line in the bbltimmre arra and purple line in the ddc. suspended."so miller...also... wants to ggve urban and suburban subdivisions the authority to raise their ownn - exammle...officials in bbltimore cityy..and anne arunn countiess.. could raise their propeety taxes...and use the proceedstt fund mass ttansit. (miller) "and thh ooly ay we can do it is if those areaa lawmakers...still obbect to a higher tax gas.but they find...intriguing...the idea thhttsubbrran rrsidents pick up theecost...to xpand... ask the drivers from westtrn and eastern shore to support mass transit projects thee're neverrgoing to use."but iller admits...this latest proposal...willneed the backing of the governor...some rrpublicans...anddmost democrats.in
(miller) "evvrrbody would pay a modest gas tax,,a thhee percent sales tax tacked on at would raise $300 millioo hat admits...that alone...wouldd not fully pay for eeer repairs...as weel s mass transit...and future projjctss (rydell) "staae trasportaiton officials have made it cleaa that without a ignificaat increase in fuuding for transportation, the proposedd red line in the bbltimmre arra and purple line in the ddc. suspended."so miller...also... wants to ggve urban and...
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Jan 24, 2013
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an increase in the gas tax is on the table. the proposal would raise about $300 million a year. >> question boat duties to perform for john leopold -- questionable duties to perform for john leopold including changing his catheter bag after back surgery. >> 6:31. traffic and weather together. >> there are still some snow showers and flurries on doppler . it is cold. temperatures in the mid teens. the skies will clear from north to south. 25 will be the high in westminster. >> it didn't take much snow to create problems. let's bring you up to date. westbound 50 on the bay bridge, there are some delays back to canted narrows -- kent narrows. an accident was bound 100 at oakwood. we'll keep you posted throughout the morning. that is the latest on traffic pulse 11. >> the morning commute is a bit of a challenge for some. >> jennifer franciotti is live in lutherville. >> traffic is moving more smoothly along york road. that is york road. we have seen a couple of snow ploughs doing salting operations. several hundred pieces of the eq
an increase in the gas tax is on the table. the proposal would raise about $300 million a year. >> question boat duties to perform for john leopold -- questionable duties to perform for john leopold including changing his catheter bag after back surgery. >> 6:31. traffic and weather together. >> there are still some snow showers and flurries on doppler . it is cold. temperatures in the mid teens. the skies will clear from north to south. 25 will be the high in westminster....
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Jan 24, 2013
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he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50 million, taxes hurt. >> other people who have moved around and we talked about tiger woods, what about lebron james? he was a great basketball star in cleveland. when he went to florida to the miami heat, a lot of people in new york said to avoid new york tax rates. anything to that? >> i think obviously there's no doubt when you're signing hundred million dollar contracts having no individual income tax is a big deal but this guy is going to be a billionaire someday. he had more control over putting this team together, there was more freedom over what players could go there. i trip it's always a factor. the
he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50...
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budget cuts and tax hikes to avoid a full-scale bail-out accord og the efforts are hurting short-term recovery. with backing from the european central bank might offer long-term hope. bond sales to write down spain's debt went well. >> we are getting indicators that it's slowly adjusting. start to turn in the coming quarter. >> greece might be building on a couple of years of austerit austerity. the country is qualifying for e.u. bail-out money. 2013 is bringing more protests. young and old in athens. unemployment in greece is higher than spain. and pensions are slinking. >> we are rapidly going backwards. far backwards. the only battle is the battle on the street. >> greece is trying to keep a lid on things. mass transit strike in the second week. officials say they will jail workers if they don't go back on the job. greeks are tired. this is a hassle but what can we do? >> this is watched by the u.s. wall street buffeted by the european trouble. washington planning austerity moves and taxes and all are hoping what has happened in europe isn't a preview of years to come. bret? >> bre
budget cuts and tax hikes to avoid a full-scale bail-out accord og the efforts are hurting short-term recovery. with backing from the european central bank might offer long-term hope. bond sales to write down spain's debt went well. >> we are getting indicators that it's slowly adjusting. start to turn in the coming quarter. >> greece might be building on a couple of years of austerit austerity. the country is qualifying for e.u. bail-out money. 2013 is bringing more protests. young...
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Jan 24, 2013
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tax, hidden tax, sales tax, 63 cents of every dollar. the government and if he dies they're going to take the gold out of his teeth. the government is robbing him blind. >> the handy guideline, whenever the government takes the majority of what you make, it's hard to defend that on moral grounds. what's the justification, the practical effects are obvious. i'm a 6th generation californian, i'm in arizona now. half the affluent neighborhoods in this city are occupied by people in california,en you can sniff and say they're unpatriotic, but that's california's problem. you're going to end up with a state no one can pay for the state government. and that's a disaster. >> sean: let me put up on the screen here, and we did background and research, and the american exchange council came up with numbers and that's people moving from states that have the highest taxes and you can see the number is what, 4.2 million people, and then we have people moving to states with the lowest taxes, you can see a transfer, 2.8 million people and then you've g
tax, hidden tax, sales tax, 63 cents of every dollar. the government and if he dies they're going to take the gold out of his teeth. the government is robbing him blind. >> the handy guideline, whenever the government takes the majority of what you make, it's hard to defend that on moral grounds. what's the justification, the practical effects are obvious. i'm a 6th generation californian, i'm in arizona now. half the affluent neighborhoods in this city are occupied by people in...
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Jan 24, 2013
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>> well, taxing our nation roz job creators is not going to create more jobs. these are the jobs that my generation is going going to need to pay down the debt mitchell generation will be spending our prime years pga massive taxes to pay down the debt, and -- or to pay towards entitlement in interest payments alone. so, taxing our nation's job creators is not going to solve anything. >> e. >> the irony is barack obama got that young vote joe e overwhelmingly. >> he was able to say it's' a good thing you're staying in your mother's basement until you're 27 years old. ask him at 27 when they're out to there for the first time hit the bricks, any job experience? no. any experience? >> i lived in a basement for a while. we're becoming a welfare foe site. they're calling out our natural instincts and it sounds great and sells well to young people. ultimately it's not a gift, it's can curse. >> thank you very much. >> thank you. >> in the meantime, if she lip synchs, he lied. and his girlfriend was fake. count me fried. ♪ ÷÷ ♪ and the home of the brave ♪ th
>> well, taxing our nation roz job creators is not going to create more jobs. these are the jobs that my generation is going going to need to pay down the debt mitchell generation will be spending our prime years pga massive taxes to pay down the debt, and -- or to pay towards entitlement in interest payments alone. so, taxing our nation's job creators is not going to solve anything. >> e. >> the irony is barack obama got that young vote joe e overwhelmingly. >> he was...
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Jan 24, 2013
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he said we need more taxes and we will back asking for more taxes later. so is nearly as we can tell based on what he has said the taxes he would like to add to the ones he got in the operation of law to a half weeks ago is this light line right across here. so if the president were given all the tax increases he says that the moment he wants that would provide this amount of revenue going out to 2040. as you can see madam president that doesn't do anything to solve the problem because they read here represents spending in the past and the spending escalation that will occur if we don't do anything to solve the spending problem. look at this line. dramatically going up to 2040. so as you can see there is not enough revenue you can raise without completely shutting down the economy. and solve the problem. in fact it produces a static and totally insignificant amount of revenue in order to deal with the massive spending problem. so this constant demand for more and more tax increases on what i guess people say are the more successful guy down the street may
he said we need more taxes and we will back asking for more taxes later. so is nearly as we can tell based on what he has said the taxes he would like to add to the ones he got in the operation of law to a half weeks ago is this light line right across here. so if the president were given all the tax increases he says that the moment he wants that would provide this amount of revenue going out to 2040. as you can see madam president that doesn't do anything to solve the problem because they...
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california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods moved out of california fort same reason. >> four months after the terrorist atrack hillary clinton finally testifying about what she knew. there was no shortage in fireworks yesterday in what was a heated and emotional day on capitol hill. >> i am glad you are accepting responsibility. i think ultimately with your leaving you you accept culpability of the worst tragedy since 9-11. had i been president at the time and found you did not read the cables from benghazi or bam ambassador stevens i would have relieved you have your post. >> peter doocy is live from washington with more. >> peter do we have you there? >> yeah, i am here. >> during her testimony in front of house and senate committees secretary clinton kept mentioning in addition to the poor americans who we that were there was one diplomatic security agent who is seriously injured and is recovering at qualiti walter reed medical center. 25 to 30 other survivors were evacuated and she got t
california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods moved out of california fort same reason. >> four months after the terrorist atrack hillary clinton finally testifying about what she knew. there was no shortage in fireworks yesterday in what was a heated and emotional day on capitol hill. >> i am glad you are accepting responsibility. i think ultimately with your leaving you you accept culpability of the worst tragedy since 9-11. had i been...
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Jan 24, 2013
01/13
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MSNBC
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the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the wars? or do you think maybe we could insure maybe another 30 million people? do the math. that would pay for about half of obama care. that would really make the righties happy. think about it. why is it number one, wall street doesn't get prosecuted. number two, they get off scot-free on these transactions. this is an easy thing, and nobody is going to feel it. everything is going to be fine. joining me tonight, david cay johnston, pulitzer prize winning journalist and author of "the fine print." david cay, grit to have you with us. >> good to be here. >> explain what a high-speed trade is for thos
the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the...
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Jan 24, 2013
01/13
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he, of course, is the highest earner. 37 in live in texas which is a no tax state. 67 live in florida, also no taxes and several democratic lawmakers in california came out today and said, look, they don't believe high taxes force anybody out of this state, shep. >> shepard: trace gallagher in los angeles. trace, thanks. the family of the legendary linebacker junior is ais now suing the national football league over his death. their claiming the league deliberately ignored and hid evidence of hits of repeated hits to the head. those hits led to the brain disease that caused sao's suicide. when he killed himself last year he had a degenerative brain condition associated with head trauma. he played 20 playoff season and suffered multiple concussion. his family says in later years he forgot things, couldn't sleep was depressed. no response yet in nfl officials. the league has consistently denied similar allegations. there is a man begging on a street in oregon. and he is asking for a whole lot more than loose change. this guy is after a kidney. and the thing is, it looks like it may have
he, of course, is the highest earner. 37 in live in texas which is a no tax state. 67 live in florida, also no taxes and several democratic lawmakers in california came out today and said, look, they don't believe high taxes force anybody out of this state, shep. >> shepard: trace gallagher in los angeles. trace, thanks. the family of the legendary linebacker junior is ais now suing the national football league over his death. their claiming the league deliberately ignored and hid...
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Jan 24, 2013
01/13
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WETA
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tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. i think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will change but the implementation will be so unpopular for the white house they will then be able to regain their footin footing there that? >> in fact, the country is very concerned about spending. they're concerned about these huge deficits and debt. that's an argument that maybe republicans can get some traction on. i thought this was a good day for john boehner who has had a lot of bad days in leading the house. this was a crase where they had a retreat last weekend. people who were there said it was a very som bell retreat and they agre
tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. i think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will...
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Jan 24, 2013
01/13
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CNNW
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people are starting to play between states with high taxes and states with low taxes. a lot of people are leaving california and it's businesses that are leaving too. especially medium sized businesses that employ a fair number of people that are going to places like utah and idaho. this is not necessarily a great thing that we have got. companies moving around and people considering moving around. what we really need is for people to be thinking about the best ways to be productionive wherever they happen to be and not to figure out where they can go to skirt the laws. >> thank you. >> sure thing. >> coming up, the growing problem of revenge porn. say you are in a relationship that ends badly. your ex-has access to intimate foties of you. those picture may end up online posted on revenge porn websites. that story is next. [ woman ] uh-oh. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast! [ male announcer ] stop the uh-oh fast with kaopectate. [ male announcer ] stop the uh-oh fast itbut sleep train's hu
people are starting to play between states with high taxes and states with low taxes. a lot of people are leaving california and it's businesses that are leaving too. especially medium sized businesses that employ a fair number of people that are going to places like utah and idaho. this is not necessarily a great thing that we have got. companies moving around and people considering moving around. what we really need is for people to be thinking about the best ways to be productionive wherever...
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Jan 24, 2013
01/13
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CSPAN2
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as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that doesn't create this huge red line that spikes into the future and literally bankrupts the country. in fact, social security ran a cash deficit in 2010. medicare, we're told by the actuaries, will be insolvent by the year 2024, and in fact in the hospital portion of the medicare trust fund we're told may be insolvent by the year 2016. so these are important dates to remember, because those are the dates at which the revenue coming in from the payroll taxes that support social security and medicare no longer pay for the benefits that are paid out to beneficiaries. and so, you know, we have got this so
as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that...
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Jan 24, 2013
01/13
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CURRENT
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if it didn't make a difference, we wouldn't see 42 republicans vote for a tax increase in the fiscal cliff deal, we wouldn't have seen the republican party back off attaching a debt limit vote to severe spending cuts. they were feeling the heat of public opinion and to some extent of lead opinion, wall street opinion and corporate opinion and so forth on these matters. public opinion does make a difference. supports bomb on guns by and large. supports obama on revenues i think ultimately public opinion will make a difference. >> john: and they support on filibuster reform as well. i hope harry reid can hear you. michael tomasky always a pleasure to have you. you made me feel a little better. you really did. i didn't think it was possible. >> that's why i'm here. >> john: the one and only michael tomasky. thank you for coming on again. >> thanks a lot. >> the right wing has a new word word, fascism. unfortunately they think it >> john: stay speaker of the house john boehner said, quote wants to annihilate the g.o.p. okay, let's looook at some of the annihilateing annihilation barack o
if it didn't make a difference, we wouldn't see 42 republicans vote for a tax increase in the fiscal cliff deal, we wouldn't have seen the republican party back off attaching a debt limit vote to severe spending cuts. they were feeling the heat of public opinion and to some extent of lead opinion, wall street opinion and corporate opinion and so forth on these matters. public opinion does make a difference. supports bomb on guns by and large. supports obama on revenues i think ultimately public...
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Jan 24, 2013
01/13
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FOXNEWSW
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the fees could be as high as 4%, maybe not that high, we can only hope, don't want another tax. and applies to online shoppers as well. the key you want to hear, debit and prepaid cards are exempt from this. there are questions out there whether american express users will be able to avoid this. they have special language in their contract which means they may be exempt, shep. >> shepard: and these fees are illegal in some states. >> yeah, ten states, you're lucky in you live in california, colorado, connecticut, florida, kansas, maine, massachusetts, new york, oklahoma, and texas. i just want to tell people like the rooeason it's a big deal. look i'll pay cash, what's the big deal. >> shepard: if you have cash on you. >> if you have cash on you, a, and b, credit cards have protections for consumers. if you want to call up after you bought something and falls apart and you don't want to pay for it you call the credit card operator and have it expunged, you can't necessarily do that with cash and get your money back, big protections built in for people who use credit card. i'm no
the fees could be as high as 4%, maybe not that high, we can only hope, don't want another tax. and applies to online shoppers as well. the key you want to hear, debit and prepaid cards are exempt from this. there are questions out there whether american express users will be able to avoid this. they have special language in their contract which means they may be exempt, shep. >> shepard: and these fees are illegal in some states. >> yeah, ten states, you're lucky in you live in...
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Jan 24, 2013
01/13
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CNBC
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in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all the oils because more oil will be used when things get better sending the hesses and conocos higher with them. that's how it can be ten points above where it was when it pre-announced a shortfall. and, of course, any uptick in employment has huge implications with autos and for homes where for a couple of years we were building homes at a rate that came in under what we were building when we had half as many people in this country. and it means more businesses for the banks, the processed home loans and that group gets revalued upward. we use more copper, more wood, more fiber, aluminum, glass
in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all...
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Jan 24, 2013
01/13
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MSNBCW
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criminals don't pay income taxes either, does that mean nra members should not pay income taxes because criminals don't? crazy wayne doesn't realize the more he compares the nra members to criminals, the more clear it becomes that he actually is washington's chief lobbyist for criminals. and his manipulation of justice hugo black's quote last night, in his speech, to try to make it appear that justice black agreed with wayne lapierre, in any way, that was a crime against history. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. so will bounty select-a-size. it's the smaller powerful sheet. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less, with bounty select-a-size. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adj
criminals don't pay income taxes either, does that mean nra members should not pay income taxes because criminals don't? crazy wayne doesn't realize the more he compares the nra members to criminals, the more clear it becomes that he actually is washington's chief lobbyist for criminals. and his manipulation of justice hugo black's quote last night, in his speech, to try to make it appear that justice black agreed with wayne lapierre, in any way, that was a crime against history. hey! did you...
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Jan 24, 2013
01/13
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WBAL
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every day i get to work with professional hockey players, and when i do my taxes, i want to work with the professional tax software. [♪...] >> i've been training all year for the big race in chicago, but i can only afford one trip. and i just found out my best friend is getting married in l.a. there's no way i'm missing that. then i heard about hotwire and i realized i could actually afford both trips. see, when really nice hotels have unsold rooms, they use hotwire to fill them. so i got my four-star hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ hotwire.com >> announcer: save big on car rentals too, from $12.95 a day. mommy! i went potty! that's great, honey.... where? for life's bleachable moments. donuts? ♪ you're cute. [ door closes ] [ female announcer ] new special k protein cereal helps keep you fuller longer. willpower. what will you gain when you lose? [ traffic sounds ] ♪ help satisfy your hunger longer with the special k protein line. willpower. what will you gain when you lose? >>> all right. calling all penny pinchers, we are launch iing this for the fabulous
every day i get to work with professional hockey players, and when i do my taxes, i want to work with the professional tax software. [♪...] >> i've been training all year for the big race in chicago, but i can only afford one trip. and i just found out my best friend is getting married in l.a. there's no way i'm missing that. then i heard about hotwire and i realized i could actually afford both trips. see, when really nice hotels have unsold rooms, they use hotwire to fill them. so i...